US and Iran on the Brink of Historic Deal? Only Trump's Word Remains, Here's What's Agreed

The United States and Iran appear to be on the verge of a significant diplomatic breakthrough, with reports indicating they have reached a draft agreement for a 60-day extension of the current truce. This potential accord could pave the way for negotiations on Iran's contentious nuclear program.

According to sources cited by Axios, the agreement represents a substantial diplomatic shift since the current crisis began between Washington and Tehran. However, officials emphasize that the memorandum is an initial framework designed to facilitate further talks, with crucial issues yet to be resolved at the negotiating table. "This is an agreement that should bring all parties to the table. The details will be worked out during negotiations," stated one U.S. official.

While U.S. sources suggest that the terms were largely agreed upon by Tuesday, both sides required confirmation from their highest political leadership. Iranian negotiators reportedly indicated they had received the necessary approvals and were ready to sign the memorandum, though Tehran has not yet officially confirmed this. U.S. negotiators have briefed President Donald Trump on the agreement's details, but he has not yet given his final approval, requesting several days to review the proposal.

This is not the first time Washington and Tehran have neared an agreement. In previous stages of the conflict, the U.S. administration repeatedly believed a deal was imminent, only for negotiations to stall. The draft memorandum reportedly includes provisions for "unrestricted" navigation in the Strait of Hormuz, prohibiting passage fees and harassment of vessels. Iran would be required to clear all mines from the strait within 30 days. The U.S. naval blockade would be gradually lifted in parallel with the resumption of commercial maritime traffic.

The memorandum also includes Iran's commitment not to develop nuclear weapons. Among the initial topics for negotiation during the 60-day period would be the fate of highly enriched uranium and Iran's uranium enrichment activities. In return, the United States would agree to discuss sanctions relief and the release of frozen Iranian assets. A mechanism to facilitate Iran's access to goods and humanitarian aid is also anticipated. Notably, despite the advanced stage of negotiations, U.S. and Iranian forces have had two incidents in the Strait of Hormuz in the past 48 hours.

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This is an agreement that should bring all parties to the table. The details will be worked out during negotiations.